Provident Financial Services, Inc (PFS) financial statements (2021 and earlier)

Company profile

Business Address 830 BERGEN AVENUE
JERSEY CITY, NJ 07306
State of Incorp. DE
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments533188143191144102105
Cash and cash equivalents532187143191144102104
Short-term investments111   1
Total current assets:533188143191144102105
Noncurrent Assets
Operating lease, right-of-use asset4142
Property, plant and equipment76555863848993
Intangible assets, net (including goodwill)444422414415416417400
Goodwill443421412412412412393
Intangible assets, net (excluding goodwill)1233568
Total noncurrent assets:561519472478500506493
Other undisclosed assets11,8259,1029,1109,1768,8568,3037,925
TOTAL ASSETS:12,9209,8099,7269,8459,5008,9128,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt854550723533471512516
Total current liabilities:854550723533471512516
Noncurrent Liabilities
Other undisclosed liabilities10,4467,8457,6448,0147,7777,2046,863
Total liabilities:11,3008,3958,3678,5478,2497,7167,379
Stockholders' equity
Stockholders' equity attributable to parent1,6201,4141,3591,2991,2521,1961,144
Common stock1111111
Treasury stock, value(59)(269)(272)(260)(264)(269)(272)
Additional paid in capital9621,0071,0221,0131,0061,001995
Accumulated other comprehensive income (loss)184(12)(7)(3)(3)0
Retained earnings718695651586551508465
Unearned esop shares(20)(25)(30)(34)(38)(42)(45)
Total stockholders' equity:1,6201,4141,3591,2991,2521,1961,144
TOTAL LIABILITIES AND EQUITY:12,9209,8099,7269,8459,5008,9128,523

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10310199120111105114
Net investment income991019993857881
Financial services revenue27262733
Cost of revenue(30)(13)(24)(6)(6)(5)(5)
Provision for loan, lease, and other losses(30)(13)(24)
Financial services costs(6)(5)(4)(5)
Gross profit:738875115105101109
Operating expenses(52)(47)(44)(152)(148)(143)(155)
Other operating income, net
(Noninterest Income, Other Operating Income)
2722214664
Operating income (loss):476453(34)(36)(36)(43)
Nonoperating income6667556
Bank owned life insurance income6667556
Interest and debt expense(51)(73)(59)(46)(44)(42)(40)
Other undisclosed income from continuing operations before equity method investments, income taxes124151144213199193183
Income from continuing operations before income taxes:128147144140125120105
Income tax expense(31)(34)(26)(47)(37)(36)(32)
Net income available to common stockholders, diluted:9711311894888474

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:9711311894888474
Other comprehensive income (loss)1416(5)(3)(1)(3)5
Comprehensive income, net of tax, attributable to parent:11112911491878179

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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